August 31, 2007 (BusinessStandard.com) – Asia Pacific Carbon Fund, managed by Asian Development Bank, is scouting for renewable energy and energy efficient projects in India to provide co-financing and technical support.
The fund which recently (in early August) raised $151.8 million from investors, including those from Europe, has a mandate to finance Clean Development Mechanism (CDM) projects in any of ADB’s 44 developing member countries.
“The Carbon Fund team is speaking with a number of project proponents in India in a number of states involving a range of CDM projects in various sectors,” a ADB official said.
India was a priority for the fund due to its size and potential as well as the government’s commitment to foster clean energy in the country, the official said.
He, however, declined to provide project specific information saying it might adversely impact the discussions with project developers in India.
The fund co-finances CDM projects in return for Certified Emission Reductions. The seven European countries, including Belgium, Finland and Switzerland, expect the fund to help them achieve their carbon emission reduction commitments under the Kyoto Protocol.
It seeks to be more than just a simple certified emissions reductions (CER) procurement fund and offers several advantages to CDM project developers.
The fund will chip in with funding upfront to fill the financing gaps to ensure the financial closure of CDM projects and reduce green house gas (GHG) emissions.
At present, the Manila-based multilateral funding agency is considering projects supported by its debt or equity investment in the waste management sector also. ADB also intends to consider broader opportunities in methane utilisation, biomass projects and methane capture and utilisation projects.
The fund would also offer technical support, on a grant basis, for capacity building and the development of CDM projects, the official said.
Asia Cleantech 
To
The CDM & CER Projects Team
ADB, Manilla.
Following some very insightful tips on your website regarding methane reduction and bio-mass fuelled renewable energy; please treat this enquiry as one for the development of such rural projects across fringe villages in the strife torn world heritage site of Kaziranga, Assam, India. The fact that Kaziranga is one of two bio-diversity hot spots of india make this program allo the more challenging.
Would be delighted to receive your feed back as we are looking at engaging 7000 families during the first stage by way of an integrated sustainable farming mechanism led by dairy and bamboo.
Yours Sincerely
Prokash Datta
Head Mini Biofuel Projects
Ecovillage Corporation Incorporate
Guwahati, Assam, India. 781006
(M) + 91 9954763193
(O) = 91 361 2235585
To
The CDM & CER Projects Team
ADB, Manilla.
Dear Sir We are going to install 15,000 biogass installation in our area and pcn has submitted and PDD is under preparation this all project generate near abut 56,890 CER per year if u people interested to invest in this project we are interested in your offer.
On my mail bdbv@yahoo.com
Or direct 919422868986
Waiting for your reply
Shailesh Pisalkar
Dear Sir We are in Tamil nadu Rural area going to install 5,000 biogass installation in our area please guide us.
.